Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Leveraging Financial Markets for Development: How Kfw Revolutionized Development Finance

Leveraging Financial Markets for Development: How Kfw Revolutionized Development Finance

Volberding, Peter

Hardcover

Business GeneralGeneral Political ScienceInternational Relations

ISBN10: 3030550079
ISBN13: 9783030550073
Publisher: Palgrave Macmillan
Published: Sep 29 2020
Pages: 285
Weight: 1.15
Height: 0.75 Width: 5.83 Depth: 8.27
Language: English

This book investigates how development institutions created and promoted marketized development financial instruments to increase the speed and scope of assistance by leveraging private financial markets for development objectives. To attract private investors, donor governments agreed to bear the risk in these new instruments in order to mobilize investment during times of political crisis. In particular, this book contends that Germany's KfW played an outsized role in the development of these new financial instruments, particularly in microfinance banks and structured funds, as KfW's unique institutional attributes and strong political support from the German government at critical junctures fostered financial innovation. Using over 70 interviews and a cache of newly released archival materials, this books documents how KfW and other development institutions created and promoted these marketized development financial instruments, and how they have become a pillar of modern development policy.

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